Gold up as US Fed stance pricks USD

Gold up as US Fed stance pricks USD

Gold rose on Monday, helped by a weaker dollar on expectations that the U.S. Federal Reserve might apply brakes on its monetary tightening cycle in 2019, although an improved risk appetite limited gains for the safe haven metal.

Spot palladium, which broke through $1,300 on Friday to hit its highest on record at $1,310 per ounce, was still trading at a slight premium to gold.

Spot gold was up about 0.4 percent at $1,290.42 per ounce as of 0752 GMT.

U.S. gold futures gained 0.5 percent to $1,291.90 per ounce.

Source:: Gold up as US Fed stance pricks USD

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